• Gemini #8 has been spudded and is currently drilling ahead. The well is a follow-up to the highly successful Gemini #5 vertical stratigraphic test well drilled in Q1-22
• Gemini #9 will be spudded in mid-June as a follow-up to the Gemini #3 horizontal well drilled in July 2021
• Pisces #4 & #5 will spud in late June / early July and are follow up wells to two of the top quartile Glauconitic wells drilled by Blackspur (188,000 boe and 224,000 boe production to date respectively)
• Leo #4 step-out well in Holborn (North Thorsby) will be fracture stimulated in late June, and has the potential to add substantially to reserves and drill locations as well as production
• Leo #1 & Leo #2 (Sparky Formation) in Thorsby underwent successful coil tubing nitrogen clean-outs. Flow rates were being hampered by frac sand. Leo #1 is back on production and Leo #2 will be today
• C$27 million credit facility for Blackspur’s has been renewed and varied for shareholder capital returns

Calima Energy, the Canada focussed oil and gas producer and explorer, confirms that its 4 well (3.5 net) drilling campaign has commenced at Brooks. 2 Sunburst Formation horizontal wells (Gemini) and 2 Glauconitic Formation horizontal wells (Pisces) are to be drilled. In North Thorsby, the Leo #4 well drilled targeting the Sparky Formation in early 2022, will be fracture stimulated, completed and flow tested in June 2022.

Jordan Kevol, CEO and President:
“The Company has officially kicked off its postspring break-up drilling program. The wells scheduled for Q3-2022 are getting a head start based on favourable weather conditions and the availability of a preferred drilling rig. Drilling is anticipated to take 6 weeks for the 4 wells and first production is expected from the Gemini wells by 31 July as the wells are on lease tie-ins.” 

KeyFacts Energy: Calima Energy Canada Onshore country profile